Quarterly ResultAug 6, 2026, 04:42 PM
NETWORK-1 TECHNOLOGIES Reports Zero Revenue, Increased Net Loss
AI Summary
NETWORK-1 TECHNOLOGIES, INC. reported zero revenue for both the second quarter and the first six months of 2026, a significant decline from the prior year. The company's net loss widened to $(655,000) for Q2 2026 and $(1,166,000) year-to-date. Cash and cash equivalents also saw a substantial decrease, falling to $9.4 million by the end of June 2026 from $13.4 million at the end of 2025. Despite a gain on equity investment, increased professional fees contributed to the overall negative financial performance.
Key Highlights
- Revenue was $0 for Q2 2026 and the six months ended June 30, 2026, down from $150,000 in the prior year period.
- Net loss increased to $(655,000) for Q2 2026 from $(463,000) in Q2 2025.
- Year-to-date net loss widened to $(1,166,000) for the six months ended June 30, 2026, compared to $(826,000) in the prior year.
- Basic and diluted net loss per share was $(0.03) for Q2 2026 and $(0.05) for the six months ended June 30, 2026.
- Cash and cash equivalents decreased to $9,435,000 as of June 30, 2026, from $13,402,000 at December 31, 2025.
- Professional fees and related costs significantly increased to $1,256,000 for the six months ended June 30, 2026, from $285,000 in the prior year.
- The company reported a gain on equity investment of $1,052,000 for the six months ended June 30, 2026.
- Acquisition of patents totaled $(250,000) for the six months ended June 30, 2026.
Price Impact
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